Identify the journal in which each of the following transactions is recorded. Transactions Journals (a) Cash sales. (b) Owner withdrawal of cash. (c) Cash purchase of land. (d) Credit sales. (e) Purchase of merchandise on account. (f) Receipt of cash for services performed.
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- Purchases Journal: records credit purchases of merchandise. - Cash Receipts Journal: records all receipts of cash (cash sales, collections, cash received for services, owner investments). - Cash Disbursements (Payments) Journal: records all payments of cash Show more…
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